Lasalle Investment Management Securities LLC Cuts Stock Position in VICI Properties Inc. $VICI

Lasalle Investment Management Securities LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 6.8% in the first quarter, Holdings Channel reports. The firm owned 1,615,438 shares of the company’s stock after selling 117,204 shares during the period. VICI Properties accounts for 1.7% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 24th largest holding. Lasalle Investment Management Securities LLC’s holdings in VICI Properties were worth $44,134,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of VICI Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock worth $4,455,820,000 after purchasing an additional 1,705,855 shares during the period. State Street Corp boosted its holdings in shares of VICI Properties by 1.7% in the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after buying an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC grew its position in VICI Properties by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after buying an additional 1,037,345 shares during the period. Allianz Asset Management GmbH grew its position in VICI Properties by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after buying an additional 2,305,719 shares during the period. Finally, Norges Bank purchased a new stake in VICI Properties during the fourth quarter worth about $537,676,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

NYSE VICI opened at $26.59 on Thursday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market cap of $28.43 billion, a PE ratio of 9.11 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $34.01. The firm’s 50-day simple moving average is $27.32 and its two-hundred day simple moving average is $28.11.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.11. VICI Properties had a net margin of 76.83% and a return on equity of 11.05%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.58 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Research analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.

Wall Street Analysts Forecast Growth

Several analysts have commented on VICI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of VICI Properties in a report on Monday, May 4th. Finally, Morgan Stanley reduced their price objective on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Hold” and a consensus price target of $31.77.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.